18 Jul 2013
GBP/JPY high 152.41
FXstreet.com (London) - GBP/JPY reached a high after better than expected UK data.
GBP/JPY rallied 50 pips when the UK continues to surprise markets with better than expected data. Retails Sales this time around surprised to the upside for June and printed 2.2% YoY vrs 1.7% consensus and beating previous by 0.1%. Ex-Fuel also beat expectations by printing 2.1% vrs 1.6%.
GBP/JPY resumes the bullish channel
GBP/JPY has resumed the bullish channel above 1.5085 and requires closes to offer further impetus to go long the pair. USD/JPY is also trading above the key 100.00 psychological levels. MA’s are all signalling a bullish bias, both short and longer term.
GBP/JPY rallied 50 pips when the UK continues to surprise markets with better than expected data. Retails Sales this time around surprised to the upside for June and printed 2.2% YoY vrs 1.7% consensus and beating previous by 0.1%. Ex-Fuel also beat expectations by printing 2.1% vrs 1.6%.
GBP/JPY resumes the bullish channel
GBP/JPY has resumed the bullish channel above 1.5085 and requires closes to offer further impetus to go long the pair. USD/JPY is also trading above the key 100.00 psychological levels. MA’s are all signalling a bullish bias, both short and longer term.